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BEWARE! Today's press release is obviously bogus and meant to manipulate the share price of AERS.
It's actually a clue that they named this fake service "Lazarus" as in risen from the dead.
Aerius has been out of business for over a year and issued a PR just last month that it is "back in business."
In fact, AERS never had any business during its entire existence.
http://www.aeriusinternationalinc.com/pdf/Press%20Release%20070814.pdf
Aerius appears to be a shell hijacked by the current insiders who likely quietly accumulated shares and are now promoting the stock in order to exit and profit. This is illegal.
The bogus PR: http://online.wsj.com/article/PR-CO-20140806-909441.html
The FINRA daily short data does not show short interest. It merely represents shares initiated by a MM as short throughout the trading day. The numbers are NOT cumulative and are meaningless to retail investors.
Anyone who wants to understand the truth regarding OTC equity short interest data should call FINRA's Legal Section, Market Regulation at (240) 386-5126, or its Office of General Counsel at (202) 728-8071.
This excellent post explains why the FINRA daily short data does not show true short positions and that the bi-monthly report is the only reliable one. It also explains that when new shares are entering the market, they are reported as short until the stock is delivered. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63945167
The short data for all OTC stocks including those quoted on OTC Markets (fka Pink Sheets) is sent to FINRA twice a month by broker/dealers. FINRA compiles it and publishes a semi monthy report. These semi-monthly reports show the aggregate short position by all market makers as of that settlement date.
The XNRG semi-monthly (bi-weekly) reports show there has never been a significant aggregate short postion.
They can be found here: http://www.otcmarkets.com/stock/XNRG/short-sales or by entering the ticker on FINRA's OTCBB short interest page: http://www.otcbb.com/asp/OTCE_Short_Interest.asp
The semi-monthly information on the OTC Markets website is taken directly from FINRA.
Explanation from FINRA (contact information for questions is included): http://www.otcbb.com/asp/OTCE_Short_Interest.asp:
PIPI can still be traded on the grey market through unsolicited orders but has been dead at $.0001 with virtually no volume since Jan. 2013:
http://ih.advfn.com/p.php?pid=historical&symbol=NO%5EPIPI
Oddly, there were two trades today at $.0005 for total volume of 2,291,100 (one for 30,000 shares and one for 2,261,100):
http://ih.advfn.com/p.php?pid=trades&symbol=NO%5EPIPI
There is no public news that would have stimulated this volume and price increase. I suspect it could be Ken Ash attempting jump start the shell, perhaps with a RM.
Given his history, such a move could be very risky, especially if he is returns to his MO of giving non-public information to his "Stock Charter Group" members.
Hopefully this was not an attempt to manipulate the stock and create the appearance of interest.
Digilava (DGLV) is a defunct company.
CKYS stock was not registered, therefore there was no registration to revoke. When a stock is not registered, there is no requirement to file periodic reports.
However companies with registered stock ARE required to file periodic reports and if they fail to do so for an extended time, their registration can be revoked and the stock can't be traded at all, even on the grey market.
The SEC's "Operation Shell Expel" has been revoking the registration of literally hundreds of shells that ceased reporting. Additionally even non-shell companies that ceased filing reports with the SEC are being suspended and subsequently revoked.
For this reason, many companies with registered stock that have ceased reporting file Form 15 to de-register their stock to avoid revocation.
Charles Lybarger, Aerius' former Legal Counsel, was previously on the BOD after the takeover from Bill Luxon:
http://thenewswire.ca/archives?tnwarchive2=release_id%3D8790
However, he is no longer listed and has been replaced by Frederick C. Bauman, Bauman & Associates Law Firm. Does anyone know why Lybarger resigned?
Lybarger is still listed (inappropriately) as Legal Counsel on OTC Markets. The company should update the AERS company profile:
http://www.otcmarkets.com/financialReportViewer?symbol=AERS&id=122544
Bauman's opinion letter:
http://www.otcmarkets.com/financialReportViewer?symbol=AERS&id=122544
FWIW, Bauman seems to be a step-up from Lybarger who represented only AERS on OTC Markets.
Do you have a link to this information? Where did it take place?
The following website/blog seems to announce all of the MVNO Summits worldwide, but I'm having trouble locating information about this Sprint Summit.
https://mvnoseriesblog.wordpress.com/
FWIW, I doubt that any of these summits are "invitation only" and even if they were, it's extremely unlikely that Aerius would be invited to discuss its vaporware telephone.
It would be nice to have more specific and verifiable information on Harold L. Rounds, the interim CEO of AERS. The background described in the PR is suspicious, especially that he supposedly owned a subcontracting welding company that produced parts for the US DOD.
He does not have much of a footprint in the Internet. It's difficult to verify anything about his claimed background.
Where does he live? What's his educational background?
Is this his LinkedIn account? https://www.linkedin.com/pub/harold-rounds/21/865/408
The PR: http://www.aeriusinternationalinc.com/pdf/Press%20Release_CEO%20Appointment.pdf
The AERS Sprint PR is obviously false and misleading. It's hard to believe that anyone who knows anything about this company would believe any of it except that maybe the CEO attended a conference in Kansas, however I don't even believe that
Ridiculously, the PR actually tries to make it sound as though Aerius could become a Mobile Virtual Network Operator (MVNO) for Sprint.
MVNO: http://cellphones.about.com/od/phoneglossary/g/mvnodefinition.htm
SEC Warns Investors About Marijuana-Related Investments Amid Recent Trading Suspensions
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541842876#.U-GPlfldX_E
The SEC announced actions today against several promoters for manipulating MJ stocks:
SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks and Other Microcap Companies
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542594818#.U-GPzPldX_G
Where do you see news? Do you have a link?
PVEC has chosen to bypass the TA and brokers and send paper certificates directly to qualifying shareholders at their address of record. If you can't reach Martha Rowe at PVEC's telephone number or at her email address (which I believe is martha.rowe@pvefl.com), you should contact Milan Saha, PVEC's securities attorney.
I believe his telephone number is 646.926.6206 and his email is milansaha.esq@gmail.com.
Today there was no bid and no volume for PVEC. It's been trading at $.0001 for over two months (although there were a couple of tiny EOD paint jobs at $.0002). It's had no published bid for over a month.
History: http://ih.advfn.com/p.php?pid=historical&symbol=NO%5EPVEC
Peter Villiotis must certainly be considering a reverse split so he can resume equity financing (i.e. toxic dilution) to pay operating expenses including his salary. Such a move would end up wiping out the holdings of the existing shareholders.
Instructions to redeem the Series C shares as well as the date in which they are eligible to be redeemed should have been included with the certificates. It should also have been clarified if the "C" shares are still redeemable in cash for $.20 each or if the equivalent in common shares using the market price will be issued.
If this information was not included with your certificate, it may be an indication that the company does not intend to redeem them or, at minimum, wants to make them difficult to redeem.
The details of the Series C "distribution" were required to be included in an amendment to the PVEI Article of Incorporation before they were issued. The minimum details required in the AOI amendment would be the record date, the pay date, the face value at redemption, the date upon which they are eligible to be redeemed and how it is determined if the C shares can be redeemed -- in cash or with new common shares.
It seems that multiple versions of letters have may have been sent with the certificates.
One poster quoted the following from his/her letter:
All of the Series C certificates are being mailed via USPS Certified Mail directly from the company to the address on record of the qualifying shareholder.
They are not being electronically deposited with any brokerage or "registered" by them. A couple of brokerages briefly showed them in customer accounts in anticipation of the distribution PVEC scheduled and announced through FINRA, but they were removed.
Many/most shareholders have to contact the company one or more times before receiving their certificates. PVEC has a VERY slow and extremely inefficient method of distribution. IMO, this is intentional as they hope to avoid delivering certificates to most of those who qualified.
It's disturbing that the TA is not involved in the distribution and probably doesn't have a proper log/record of certificates issued.
You have misstated my post. I never said that no Fortune 100 companies have offices outside of the U.S. but they are all U.S. companies.
My question is why would Peter need to travel to Greece to have a meeting with a U.S. company to confirm that they desire to establish a "foothold of operations" at PVEC's suggested (unfunded) new cruise and ferry port in the Bahamas to be developed. The decision-making leadership for establishing new operations for these companies is in the U.S. Meetings about new operations would be held in the US, not Greece.
Peter Villiotis just throws around such blatantly false claims as hype to drive demand for stock.
Do any of the following 100 companies even have a significant office in Greece? Any office at all in Greece?
Can anyone even speculate as to any Fortune 100 company that could conceivably have any interest in this fictitious future port? FWIW, I can't see any of these companies having a interest in establishing operations in PVEI's hyped new port to be built on 3900 acres of currently undeveloped land in the Bahamas. These "Fortune 100" company claims are just more of Peter's lies.
Fortune 100 Companies (2014):
1 Wal-Mart Stores
2 Exxon Mobil
3 Chevron
4 Berkshire Hathaway
5 Apple
6 Phillips 66
7 General Motors
8 Ford Motor
9 General Electric
10 Valero Energy
11 AT&T
12 CVS Caremark
13 Fannie Mae
14 UnitedHealth Group
15 McKesson
16 Verizon Communications
17 Hewlett-Packard
18 J.P. Morgan Chase & Co.
19 Costco Wholesale
20 Express Scripts Holding
21 Bank of America
22 Cardinal Health
23 International Business Machines
24 Kroger
25 Marathon Petroleum
26 Citigroup
27 Archer Daniels Midland
28 AmerisourceBergen
29 Wells Fargo
30 Boeing
31 Procter & Gamble
32 Freddie Mac
33 Home Depot
34 Microsoft
35 Amazon.com
36 Target
37 Walgreen Co.
38 WellPoint
39 Johnson & Johnson
40 American International Group
41 State Farm Insurance Cos.
42 MetLife
43 PepsiCo
44 Comcast
45 United Technologies
46 Google
47 ConocoPhillips
48 Dow Chemical
49 Caterpillar
50 United Parcel Service
51 Pfizer
52 Lowe's Companies
53 Intel Corporation
54 Energy Transfer Equity, L.P.
55 Cisco Systems, Inc.
56 Enterprise Products Partners L.P.
57 Aetna Inc.
58 The Coca-Cola Company
59 Lockheed Martin Corporation
60 Best Buy Co., Inc.
61 The Walt Disney Company
62 CHS Inc.
63 Sysco Corporation
64 FedEx Corporation
65 Merck & Co., Inc.
66 INTL FCStone Inc.
67 Safeway Inc.
68 Johnson Controls, Inc.
69 Ingram Micro Inc.
70 Plains GP Holdings, L.P.
71 World Fuel Services Corporation
72 Prudential Financial, Inc.
73 Humana Inc.
74 The Goldman Sachs Group, Inc.
75 Tesoro Corporation
76 Liberty Mutual Holding Company Inc.
77 Honeywell International Inc.
78 United Continental Holdings, Inc.
79 HCA Holdings, Inc.
80 Deere & Company
81 Delta Air Lines, Inc.
82 Oracle Corporation
83 Morgan Stanley
84 Hess Corporation
85 Twenty-First Century Fox, Inc.
86 E.I. du Pont de Nemours and Company
87 Sears Holdings Corporation
88 New York Life Insurance Company
89 Mondelez International, Inc.
90 American Express Company
91 Nationwide Mutual Insurance Co.
92 The Allstate Corporation
93 Tyson Foods, Inc.
94 Supervalu Inc.
95 TIAA-CREF
96 Massachusetts Mutual Life Insurance Company
97 CIGNA Corporation
98 DIRECTV
99 General Dynamics Corporation
100 Philip Morris International Inc.
"A Whiter Shade of Pale" by David Lanz:
David Lanz: "Christfori's Dream:"
David Lanz: "The Whiter Shade of Pale"
Obviously PVEC doesn't have $4 million to distribute as redemption for the Series C "gift" shares. It's having to sell shares to toxic funders just to pay its normal bills and Peter's salary.
They've sent out some certificates, however they weren't processed or apparently even recorded by the transfer agent. As I've said from the first day they announced this huge "gift distribution," these shares will end up worthless regardless of whether a certificate is sent.
PVEC is insolvent with several recorded judgment liens and at least two current lawsuits for defaulted debt. It has no operations or actual assets. Recent communications from CEO Peter Villiotis state that he is trying to raise $850,000 to $1,000,000 in "initial funding" in order to buy 3900 acres of undeveloped land in the Bahamas and develop it into a new cruise and ferry port as well as to buy ferries and cruise ships.
He needs $850,000 to $1,000,000 to begin his stated business plan but offered in March and then in April that he is going to distribute 20 million Series C shares redeemable at $.20/share which equates to $4 million.
This "gift distribution" was announced solely for the purpose of driving demand for shares to allow for additional dilution. I have never believed it was sincere. In fact, it was also obvious that it wasn't even rational.
Why would a development-stage company with no operations and still trying to raise funds offer to give away $4 million in cash that it didn't have?
penny haven: Again, when a stock does not have a quoted bid, all trades are shown as "buys." PVEC has shown all "buys" for the last few weeks it has been at "no-bid" status.
Previous explanation as to why this occurs:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104413299
The shares being bought have to come from sellers.
John Barry - Somewhere In Time
Regarding the Fortune 100 company Peter Villiotis claims desires use PVEC's future Carribean port to establish a foothold for operations ... I hadn't previously previously paid close enough attention to notice odd part of Peter's statement to PVEC shareholders last month:
OTCShortReport is a stock promotion website and newsletter operated for the benefit of promoters and company insiders who want investors to believe that short covering will raise the price of a stock or to blame "shorting" for a stock dropping in price.
The site uses the FINRA daily data, which does not show true short interest as it is related to typical market-making activity in which market makers stand ready to buy and sell the stocks they quote. FINRA states that short interest is reported semi-monthly.
See this post for information as to how FINRA explains actual OTC short data: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101727898
Enter the ticker of any actively traded OTC stock on OTCShortReport and you will likely see large supposed short positions, especially if the stock is being diluted. Any increase in price is often due to a promotion. Decreases are usually due to dilution or dumping -- not shorting. "Short covering" never happens on any of these stocks.
Read the OTCShortReport disclaimer, which they try to hide. Fees have been paid to show companies as being among the most shorted or for being featured in the newsletter.
Jeffrey Bruhjell certainly ran this scam for many years and regulators should review his tenure. However, Ken Ash, the former IR representative in partnership with Bruhjell, had become the court-appointed custodian in March 2012 tasked only with holding a shareholder vote for a new BOD and nothing else.
Instead of holding a shareholder meeting or proxy vote, Ken Ash took charge of the company, appointing himself President of the corporation without a vote and proceeded to take his own actions.
He changed the name twice and allowed at least two improper promotional campaigns when the company had never submitted any financial documents and was considered a "no information" pink sheet company for its entire life.
Ken Ash had been in charge of IDCN for several weeks before it was suspended by the SEC (since early March 2012, a couple of weeks before he even announced his appointment).
He did not do what the Wyoming court ordered but simply took charge.
Yes, Jeffrey Bruhjell, along with Ken Ash, should be considered culpable in the long-running IDCN scam, which Ash actively promoted for years.
However, IMO, the eventual demise of IDCN should be blamed on Ken Ash who did not follow through in complying with the Wyoming court order and the stock was suspended on 5/24/12.
Correct:
IMO they are sending out the Series C preferred share "gift distribution" certificates in an attempt to appear legitimate even if they never intend to redeem them. Perhaps they hope that shareholders who receive certs won't dump their shares following a reverse split.
Certainly the Series C shares won't be redeemable in cash, which never made sense when they offered the "gift." PVEC is trying to raise money to buy 3900 acres in the Bahamas, develop it into a new cruise and ferry port as well as buy ferry and cruise ships and put them into operation.
In a claim that is just as bizarre as this insolvent, cashless company giving away $4 million as a "gift," PVEC also claims to be raising money so they can "buy back" shares.
PVEC needs to raise money to do the following:
* Pay for Peter's salary and operations when there is no income
* Pay off existing defaulted loans and judgment liens
* Pay attorney fees to defend lawsuits regarding defaulted loans
* Redeem the $4 million Series C gift distribution
* Buy back shares to reduce the float and shares outstanding
* Purchase 3900 acres in the Bahamas
* Develop the 3900 acres into a new cruise and ferry port
* Purchase ferries and cruise ships
* Hire staff and put the ferries and cruise ships into operation.
How many millions or billions of dollars does PVEC need to pay for all of the above that are part of its current business plan?
The company is not credit worthy. The only source of funds is selling shares to toxic funders who buy shares at about a 50% discount and dump them into the market. That's why Peter has repeatedly increased the number of authorized shares over the past 1.5 years.
Because the stock has been at no-bid status for a few weeks, the likelihood of a reverse split down the road is great.
How is that "new and improved?" It's the same information you previously posted:
The EDIG VWAP was $0.0393 with volume of 121,147 shares.
The VWAP is the "volume-weighted average price." With penny stocks in which the closing price can often be manipulated up, the VWAP is usually a better determinant of the market price than is the closing price.
Today's VWAP is shown in the StockCharts quote box below. The VWAP shown changes each day so anyone reading this post after today will see a different VWAP.
The 52-week high is $.01 achieved on 8/7/13 when there were 744,000,000 authorized shares. PVEC now has 13,000,000,000 authorized common shares with the number of shares outstanding likely very close.
http://ih.advfn.com/p.php?pid=historical&symbol=NO%5EPVEC
A share price of $.20 would create a market cap of $2,600,000,000. Even the current market cap of $1,300,000 at $.0001 is likely over valued given that the company has no significant assets or income.
The reason for the drop in share price is not because of message board posts or shareholder impatience, it's because of toxic dilution.
Increases to the number of authorized common shares per the NV SoS:
12/8/09: 249,000,000
2/23/13: 494,000,000
6/04/13: 529,500,000
6/20/13: 744,000,000
8/20/13: 1,944,000,000
10/17/13: 2,994,000,000
12/10/13: 3,994,000,000
1/14/14: 5,594,000,000
3/3/14: 7,000,000,000
3/17/14: 7,750,000,000
4/14/14: 10,000,000,000
5/30/14: 13,000,000,000
https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=uyx9DfdRU25WJll%252fgaY8sQ%253d%253d&CorpName=PV+ENTERPRISES+INTERNATIONAL%2c+INC.